Kyle Bass: Pull Your Money Out of China

Kyle Bass: Pull Your Money Out of China
An aerial view of the Evergrande Changqing community in Wuhan, Hubei Province, China, on Sept. 26, 2021. Getty Images
Petr Svab
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Anybody who holds an investment in China should withdraw it or risk losing the money altogether, hedge fund manager and investor Kyle Bass is warning.

Not only is the Chinese economy in a precarious position, if its increasingly aggressive stance toward Taiwan becomes a military conflict, the country could quickly become dislocated from dollar-denominated financial markets and instantly lose all foreign investment, said Bass, the founder and chief investment officer of Hayman Capital Management.

Implosion of Real Estate Market

The most immediate problem is the looming implosion of China’s real estate market, he said during a recent Wealthion interview.
Petr Svab
Petr Svab
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Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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